- Dividend is now the name of the game due to fading interest on M&As and expectation reset on VAS businesses
- Strong competition in third party contracts, weak VAS developments and further receivable impairments may weigh on earnings outlook
- Price correlation with the China property sector to stay before the dust in the latter settles
- Price volatility amid weak sentiment creates attractive entry points for quality names: CR MixC (1209 HK) for its resilient growth outlook and room for potential payout lift